Find taxable supply or gst free supply

Assignment Help Financial Accounting
Reference no: EM132600332

Question 1: Find from following each situation whether it is Taxable supply or GST Free supply or Input taxed supply? Explain your answer with relevant section number and also how much GST, if any, is included in the following situation.

a. The sale of $11,550 cooking books by a XYZ newsagent

b. Life insurance policy $95,000.

c. The provision of a medical consultation by a doctor and charged $77.00

d. Day care service $44,440.

e. The purchase of $22,200 shares in a company listed on the ASX by an investor

f. The $4.5 sale of a holiday home

g. The export of $33,500 raw materials by a mining company

Reference no: EM132600332

Questions Cloud

Examine alexa skill in ordering drinks from starbucks : Examine Alexa's skill in ordering drinks from Starbucks (i.e. What is the development of the skills? (From what to what level of features).
Discuss five reasons for such emphasis : A total of RM297 billion or 18.4 per cent of the Gross Domestic Product is allocated in Malaysian Budget. Discuss FIVE reasons for such emphasis
Leveraged cloud computing technologies : Select organization that has leveraged Cloud Computing technologies in an attempt to improve profitability or to give them a competitive advantage.
How much was the legal capital of the corporation : Under the trust fund doctrine, what amount that should remain untouched or untouched or unimpaired for the protection or corporate creditors?
Find taxable supply or gst free supply : Find Taxable supply or GST Free supply or Input taxed supply? Explain your answer with relevant section number and also how much GST
Determine the price of the bonds at January : The Bradford Company issued 12% bonds, dated January 1, with a face amount of $97 million on January 1, 2021. Determine the price of the bonds at January
Briefly describe the company you researched : Briefly describe the company you researched. Evaluate the effectiveness of the company's recruiting efforts and suggest two (2) recommendations for improvement.
Is the present a fringe benefit as tyler is the employee : The parents give him an expensive car as a wedding present. Is the present a fringe benefit as Tyler is the employee of the business - explain your opinion
Find the total revenue at break-even point : A publishing company finds the cost of publishing each copy of a certain magazine is RM1.50. Find the total revenue at break-even point

Reviews

Write a Review

Financial Accounting Questions & Answers

  What would be the overall margin on the order

Meade Nuptial Bakery,Assuming that the company charges $607.75 for the Haupt wedding cake, what would be the overall margin on the order?

  Difference between the rent paid by the new tenant

Gamison Ltd has leased a warehouse in an industrial section of the twon. The lease is for 5 years and can only be cancelled by Gamison if Gamisons reimburses the landlord for the costs of re-letting the warehouse including any costs of finding a new ..

  Clark corporation are what type of control group

the remaining stock is owned by an individual. Brown, Davis and Clark corporation are what type of control group?

  Discuss what are three main characteristics of liabilities

Discuss What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term? Include examples.

  Prepare googles statement of cash flows

Prepare Googles statement of cash flows for the year ended December 31, 2008 -  The cash data were adapted from the annual report of Google Inc.

  Calculate the percentage changes in earnings per share

Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization.

  What type of internal controls is the report addressing

Section 404(a) of the Sarbanes-Oxley Act requires management of a public company to issue a report on internal control over financial reporting (ICOFR) as of the end of the comany's fiscal year. What type of internal controls is the report addressing..

  What amount is reportable as interest income

Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $175 in interest on a savings account at the Moss National Bank and $1,475 in interest on California Municipal Bonds. Elmer and Elsie filed a joint inco..

  How would you go about indicating to investors

How would you go about indicating to investors that all account balances are valid and free from potential errors? What types of financial records and information would you use to support your claims? Explain. Use and cite references used.

  Prepare journal entries for EDGET Corporation on January

Prepare journal entries for EDGET Corporation on January 31, 2004 to record the acquisition of net assets of HIBRET Company's except cash

  Determine how much the semiannual payment should be

Determine how much the semiannual payment should be. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

  Prepare a bank reconciliatio

How would I prepare a bank reconciliation for the following information? The August 31 balance shown on the bank statement is $9,810. There is a deposit in transit of $1,260 at August 31.  Outstanding checks at August 31 totaled $1,890. Interest cred..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd